2023-11-30 05:58:04
In November, Hesse recorded the lowest inflation rate since June 2021. Thanks to the decline in inflation, Hessians have a slight increase in their account following the latest wage increases. This is what the calculations of the State Statistical Office in Wiesbaden showed.
Accordingly, consumer prices rose by 2.9 percent compared to November 2022. The inflation rate was 3.6 percent in October this year and 4.7 percent in September. As the State Statistical Office in Wiesbaden announced on Wednesday, the fall in energy prices in particular dampened inflation. While flights (minus 20.4 percent), package holidays (minus 11.4 percent) and fuel (minus 2.5 percent) also became cheaper, prices for various foodstuffs rose compared to the previous month. Overall, the price increase in supermarkets was once again lower than in previous months, but was still well above the overall inflation rate.
Premium petrol was 2 percent cheaper in November and diesel was 4.3 percent cheaper. Prices for heating oil fell by 3.9 percent compared to the previous month. The cost of natural gas fell by 2.5 percent and electricity by 1.8 percent. Firewood was also cheaper than in October 2023 (minus 6.8 percent). On average, consumers paid the same tariff for district heating in November 2023 as in October 2023.
Cheaper heating again
Compared to November a year ago, when the Federal Republic entered a winter with concerns about a gas shortage, energy prices also fell significantly: Statisticians report a decrease of 3.1 percent, after prices in October 2023 (minus 0.8 percent ) had fallen for the first time since February 2021 compared to the same month last year. In particular, natural gas (minus 19.5 percent), heating oil (minus 17.9 percent) and district heating (minus 17.3 percent) were significantly cheaper this November than a year ago. Firewood and wood pellets cost 12.8 percent less, and an average of 6.1 percent less had to be paid at the gas station than a year ago.
However, without taking all energy costs into account, life has become more expensive and consumer prices in Hesse rose by 3.7 percent in November 2023 compared to the same month last year.
Food prices rose by a total of 0.4 percent month-on-month. Healthy foods in particular are expensive: vegetables (plus 3.4 percent) and fruit (plus 2.4 percent) cost more than in the previous month. Bread and grain products (plus 0.6 percent) were also more expensive than in October. Dairy products (minus 1.7 percent) and cooking fats and oils (minus 0.5 percent) were cheaper. Prices for meat and meat products fell slightly by 0.2 percent. Compared to November 2022, food prices increased by 4.9 percent, but the price increase was less pronounced than in October (plus 5.7 percent) and September (plus 7.4 percent).
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Prices for goods overall fell by 0.2 percent in November compared to October and rose by 2.8 percent compared to November 2022. Consumer goods rose in price by 3 percent compared to the same month last year. In addition to energy products and food, this also includes tobacco products (plus 8.5 percent) and household appliances (plus 8.4 percent). In local public transport, the “49 euro ticket” has had an inflation-dampening effect since May: composite tickets were on average 26.5 percent cheaper in November 2023 than in the same month of the previous year.
The lower inflation again led to a slight increase in real wages in Hesse in the third quarter of 2023: According to the statistics, nominal wages increased by 5.8 percent compared to the same quarter of the previous year, while consumer prices rose by 5.6 percent in the same period. Accordingly, employees recorded a slight price-adjusted wage increase: The real wage index rose by 0.2 percent compared to the third quarter of 2022. In the second quarter of 2023, the increase in nominal wages (plus 6.6 percent) had slightly exceeded that of consumer prices for the first time in almost two years ( plus 6.3 percent). The increase in the minimum wage to 12 euros on October 1, 2022 and in particular the payments of the inflation compensation bonus ensured nominal wage increases in the second and third quarters of 2023 compared to the same period last year.
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